Tuesday, September 08, 2009

Hi-yo Silver, away!

Jesse alerts us to the fact that the Chinese government is not only investing in precious metals, but actively encouraging its citizens to do the same. Funny that our governments aren't doing this.

And gold briefly cracked the $1,000 ceiling today. Naturally, there'll be a reversal at some point, but I have a hunch that much money and effort have been expended trying to put off this psychologically important event. Once you've made the first crack in the eggshell, it gets a lot easier.